Aegean Airlines falls into red in 2010

Aegean Airlines revenue down 5% - preliminary financial/traffic highlights in 2010:

• Revenue: EUR591.0 million, -5% year-on-year;
• EBITDAR: EUR75.8 million, -21%;
• Profit (loss) before tax: (EUR18.7 million), compared with a profit of EUR32.5 million in p-c-p;
• Profit (loss) after tax: (EUR23.3 million), compared with a profit of EUR23.0 million in p-c-p;
• Passenger numbers: 6.2 million, -5%;
  • Domestic: 3.2 million, -16%;
  • International: 3.1 million, +9%;
• Passenger load factor: 68.1%, +2.3 ppts. [more]

Aegean: "The challenges of the acute recession of the Greek economy and the significant rise in the price of fuel, will continue to affect the company's results during the current year. Nevertheless, in line with our long-term strategy, we continue to invest in our network development in order to support and also benefit from the expected rebound of tourist traffic flows to our country," Dimitris Gerogiannis, Managing Director. Source: Aegean, 14-Mar-2011.